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There will be no big bonfire of regulations post-Brexit when it comes to UK financial services, the public affairs director for Pimfa has said.Simon Harrington was speaking at FTAdviser's Financial Advice Forum 2023, in conversation with Carmen Reichman, FTAdviser's multimedia editor.He said the announcement of the Treasury’s Financial Services and Markets Bill in 2022 marked a significant step forward in the UK government’s implementation of a post-Brexit regulatory framework.However, he assured the audience that the advice profession did not need to fear a complete unravelling of the EU regulations that have...

Fixed income is firmly back in favour with investors and wealth managers, however there are disagreements over the best part of the market in which to find returns.Retail investors have invested £4bn into fixed income funds since the start of the year, according to data from the Investment Association, compared with £4.7bn withdrawn on a net basis in 2022.Last month, AJ Bell’s chief executive, Michael Summersgill told the FT said he had never before seen the volume of fixed income purchases happening currently.Bonds are also getting more attention from money managers, said...